What is Motor Vehicle Damage Insurance?
1 Answers
Motor vehicle damage insurance refers to vehicle damage insurance. The following is a related introduction to vehicle damage insurance: 1. Benefits: If the insured vehicle is damaged due to an accident covered by the insurance policy and requires repair costs, as well as reasonable rescue measures taken by the owner for the vehicle, compensation can be obtained. When rescuing the insured vehicle, the insurance company should compensate for the reasonable costs incurred by using others' firefighting equipment. 2. Meaning: Vehicle damage insurance refers to the insurance coverage for losses to the insured vehicle caused by natural disasters (excluding earthquakes) or accidents within the scope of the insurance policy. It is often the most expensive insurance type in private car insurance policies.